How goes the switch to Chip & Signature cards in the US?

With the deadline for the switchover now just months away, how are vendors doing? Have they begun the conversion already, or will they likely be scrambling at the last minute?

Mobile banking security still a barrier for consumers

Customers are increasingly turning to mobile apps to make simple banking transactions, but a significant portion of those who don’t bank on mobile devices cite security concerns as the reason.

Waski downloader spreads banker Trojan targeting users worldwide

If you have recently received an unexpected email with a ZIP file attached, it could be a threat attempting to steal your banking login credentials. Its name is Waski and is detected by ESET as Win32/TrojanDownloader.Waski.

Facebook announces peer-to-peer payments between friends

Facebook has announced a new feature of its Messenger product, which allows friends to send payments directly to each other, reports Tech Crunch.

$40k of bitcoin lost in Coinapult hot wallet hack

Coinapult, a long-running bitcoin wallet service, announced on Monday that its hot wallet had been compromised to the tune of 150 coins – around $42,900.

British Bank trials heartbeat based authentication

A British bank has been trialling a different type of biometrics, allowing their customers to confirm their identity via heartbeat according to the BBC.

Five alternatives to Bitcoin

Here’s a small selection of alternatives to Bitcoin – each of which has its own advantages. All of them share Bitcoin’s fundamental strengths, however – minimal or zero transfer fees, and freedom from traditional banking restrictions.

MyCoin closure leaves $387 million missing in investor funds

Investors fear they may have lost up to $387 million after Bitcoin exchange MyCoin shut down this week, reports ZD Net.

Swiss bank data released by hackers

The Swiss state owned Banque Cantonale de Geneve has confirmed that hackers have released confidential customer correspondences after the bank refused to pay the ransom demanded by the attackers

Dutch University unveils ‘fraud proof’ credit card concept

A Dutch university has reportedly made great steps towards making the dream of a ‘fraud-proof’ credit card a reality by utilizing quantum physics.

Tor a major source of bank fraud, says US Treasury Dept.

Tor has been used to mask the identities of cybercriminals in a significant number of bank frauds for over a decade, according to a US Treasury Department report obtained by Brian Krebs on his Krebs on Security website.

MasterCard and Visa to end password authentication

MasterCard and VISA have revealed their plan to end the use of passwords for online payments, reports The Telegraph.

Apple Pay and security – what you need to know

Mobile payments look set to be one of the defining technologies of 2015, as the launch of Apple Pay catalyses a boom in cardless payments – both from Apple’s own system, and rivals playing catch-up.

Biometric wristband piloted by Canadian bank

A group of Canadian issuing banks have begun a pilot test of an NFC-enabled version of Nymi – a biometric wristband that uses the cardiac rhythm of the wearer to authenticate the user’s identity.

American Express wants to swap card numbers for tokens

American Express has launched a new service, which looks to swap payment card numbers with unique tokens, reports Network World.

The Evolution of Webinject

Last month, we presented “The Evolution of Webinject” in Seattle at the 24th Virus Bulletin conference. This blog post will go over its key findings and provide links to the various material that has been released in the last few weeks.

Obama signs federal credit cards security order

President Barack Obama has signed an executive order to increase security on federal credit cards, and has urged retailers and banks to do similar to combat identify fraud, reports Reuters.

Chip & PIN & Signature, Magstripes and EMV Go-Faster Stripes

The US is still perceived as a hotspot for card fraud: what difference will the ongoing roll-out of Chip & Signature EMV make?

New banking malware ‘Dyre’ targets Bank of America, CitiGroup accounts

A dangerous new strain of malware has been discovered, able to steal banking credentials without alerting users to the interception.

Call for new cyber laws after major U.S. banks knocked offline for 249 hours in six weeks

Representative Mike Rogers, Chairman of the Permanent Select Committee on Intelligence, said that Congress needs to act quickly, in an interview with NBC this week. The websites of major U.S. banks have been offline for 249 hours in the past six weeks, due to a series of sustained cyber attacks by an unknown foreign group.

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